NOT LISTED FOR SALE

840 NW Earl Ave Unit 940 Gresham, OR 97030

Downtown Gresham Neighborhood
-- Bed
6 Baths
4,511 Sq Ft
10,454 Sq Ft Lot

Last Sold September 14, 2022

Last sale price $903,000 $200 Per Sq Ft

5 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • High Speed Internet
  • Storage
  • Laundry Facilities
  • 1-Story Property

About This Home

As of September 2022

One level 6 plex in an unbeatable location nestled next to the max and short walk to downtown Gresham's shops, restaurants and farmers market. Functional ranch style that easy to maintain on 10,600 sqft lot. Back patios with storage. Off street parking. Laundry room. Owner pays sewer & garbage, and yard maintenance. Tons of room for improvements with rents well below market. Bring your investors.

Last Agent to Sell the Property

Haris Wolfgang

Premiere Property Group, LLC License #900600085 Listed on: 06/03/2022

Premiere Property Group, LLC

Co-Listed By

Adine Peterson

Premiere Property Group, LLC License #201209477

Last Buyer's Agent

Daniel Vasquez

Rarebird Real Estate License #201222438

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,896

Year Built

  • Built in 1959

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 4,511 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space

Schools

  • Highland Elementary School
  • Clear Creek Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection
  • Assessor Parcel Number R134760

Community Details

Overview

  • 6 Units
  • Downtown Gresham Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $25,646
  • Gross Income $59,160
  • Net Operating Income $33,514

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,896

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1959
  • Property Condition: Approximately
  • Unreinforced Masonry Building: Unknown
  • Property Attached Yn: No
  • Current Price For Status: 903000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Block
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Wireless
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Highland
  • High School: Gresham
  • Middle Or Junior School: Clear Creek

Lot Info

  • Zoning: DCC
  • Parcel #: R134760

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 7895.94

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 14.2
  • Annual Gross Income: 59160.0
  • Property Net Operating Income: 33514.0
  • Annual Operating Expense: 25646.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2022 09/14/22 Sold $903,000 +7.5% $200 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $840,000 -- $186 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,555 $469,530 -- --
2024 $9,146 $455,860 -- --
2023 $8,333 $442,590 $0 $0
2022 $8,100 $429,700 $0 $0
2021 $7,896 $417,190 $0 $0
2020 $7,429 $405,040 $0 $0
2019 $7,235 $393,250 $0 $0
2018 $6,898 $381,800 $0 $0
2017 $6,618 $370,680 $0 $0
2016 $5,835 $359,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Haris Wolfgang

    Seller's Agent in 2022

    Haris Wolfgang

    Premiere Property Group, LLC

    (503) 969-6262

    4 in this area

    58 Total Sales

    Haris Wolfgang
    Section Image

  • A

    Seller Co-Listing Agent in 2022

    Adine Peterson

    Premiere Property Group, LLC

    (503) 670-9000

    5 in this area

    57 Total Sales

    Adine Peterson
    Section Image

  • D

    Buyer's Agent in 2022

    Daniel Vasquez

    Rarebird Real Estate

    (503) 451-0545

    1 in this area

    26 Total Sales

    Daniel Vasquez
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22678875

Regional Multiple Listing Service (RMLS)

APN: 1S3E10BB 04100

Oregon Multnomah County Gresham 97030 Downtown Gresham

840 NW Earl Ave Unit 940, Gresham, OR

Not Listed for Sale

MultiFamily

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